325
325
Oct 2, 2012
10/12
by
CNBC
tv
eye 325
favorite 0
quote 0
. >> -- i'm david simon's best friend, i'm going to deliver a transaction very attractive to simon. the way the board analyzed the transaction, they looked at as as if we're selling the company. in a transaction they own something like 30% of the combined company. we're not cashing people out. we're not looking to are a short term pop. we're merging and more levered company with less levered company with a strong management team. >> if you are going after p&g the whole company you might want to -- >> team up with -- >> you got 1% or something? i mean -- >> we're not going after p&g. >> while he's here, he should ask. >> you're trying to get rid of the ceo. >> p&g is one of the great companies of all-time, been in growth for 75 years it's stumbled over the last several years under the current ceo's leadership, and we've kind of laid out what our concerns are and i think our concerns are not our concerns. they're the concerns of all the shareholders. >> do you think your concerns are being heeded? >> absolutely. we were received at a very seriously by the board, we had a great meeting
. >> -- i'm david simon's best friend, i'm going to deliver a transaction very attractive to simon. the way the board analyzed the transaction, they looked at as as if we're selling the company. in a transaction they own something like 30% of the combined company. we're not cashing people out. we're not looking to are a short term pop. we're merging and more levered company with less levered company with a strong management team. >> if you are going after p&g the whole company...
153
153
Oct 9, 2012
10/12
by
CNBC
tv
eye 153
favorite 0
quote 0
michelle. >> hey there simon. the video tells the whole story, let's show people exactly what happened today. angela merkel arrived, 50,000 protesters in the street, let lead to rioting, video that we have become, unfortunately, all too familiar with moltov cocktails, tear gas being thrown, to highlight the intercontinental tensions, look at your screen. some protesters actually showed up in nazi uniforms with the swastika flags to protest the german chancellor's visit, angry because of austerity measures, angry at germany because germany provides the vast majority of the bailout money they get but comes with conditions that require very, very tough situations for the greek people. angela merkel stood side by side with the greek prime minister today saying that she understands that the greek people are suffering. she is trying to tell them that the reforms will be worth it but she also says there will be no more money. sue, there's going to have to be some more money, the greeks are running short. the program is r
michelle. >> hey there simon. the video tells the whole story, let's show people exactly what happened today. angela merkel arrived, 50,000 protesters in the street, let lead to rioting, video that we have become, unfortunately, all too familiar with moltov cocktails, tear gas being thrown, to highlight the intercontinental tensions, look at your screen. some protesters actually showed up in nazi uniforms with the swastika flags to protest the german chancellor's visit, angry because of...
100
100
Oct 26, 2012
10/12
by
CNBC
tv
eye 100
favorite 0
quote 0
simon? >>> sue, let's stick with the u.s. economy. so-called fiscal cliff is still two months off but the threat of tax hikes and spending cuts is already reverberating through the economy. a new report by the national association of manufacturers says that if congress doesn't reach a deal to avoid the cliff, then about 6 million jobs will be destroyed through 2014. it expects the unemployment rate to soar if that happens to almost 12%. the nation's ceos also of course on the fiscal war path yesterday. we spoke to one of those 80 who are calling for congress to take action. today jpmorgan's chief jamie dimon continues the drumbeat in asia. >> the underlying strength of the economy is actually pretty good. corporations, no market size companies, consumers are in better shape. housing is turning. it isn't as strong as anyone would want. what's really, really important is good policy. we need good policy in the united states. think of a fiscal deal, simpson-bowles type deal. i think that would
simon? >>> sue, let's stick with the u.s. economy. so-called fiscal cliff is still two months off but the threat of tax hikes and spending cuts is already reverberating through the economy. a new report by the national association of manufacturers says that if congress doesn't reach a deal to avoid the cliff, then about 6 million jobs will be destroyed through 2014. it expects the unemployment rate to soar if that happens to almost 12%. the nation's ceos also of course on the fiscal...
91
91
Oct 22, 2012
10/12
by
CNBC
tv
eye 91
favorite 0
quote 0
simon, you're not married to tammy fay baker, what do you think? >> well, it's tough to recover to that one. earnings have been so disappointing as we've talked about through the show. i think for us, the most concerning thing is the reports. particularly in ibm -- >> the linearity? >> did you like that? >> yeah. >> it's like good english grammar school education. what can i tell you? particularly in technology. what i'm saying is the concern is, yes, the expectations are disappointing, but in terms of september sales being a lot softer than july, it's where the momentum is going. that's something to be a little bit concerned about. zbl zbl >> stephanie, how do you feel about the linearity. >> well, i won't go there, but only 25% of the company so far have reported. let's put this into a little bit of context here. and expectations certainly have come down pretty low. i would just say that there are pockets of strength, financials, and margins. even ibm, even schlumberger, even ge had actually okay margins. so i think that might be good enough to s
simon, you're not married to tammy fay baker, what do you think? >> well, it's tough to recover to that one. earnings have been so disappointing as we've talked about through the show. i think for us, the most concerning thing is the reports. particularly in ibm -- >> the linearity? >> did you like that? >> yeah. >> it's like good english grammar school education. what can i tell you? particularly in technology. what i'm saying is the concern is, yes, the...
141
141
Oct 17, 2012
10/12
by
CNBC
tv
eye 141
favorite 0
quote 0
simon? >>> we have two big stories in housing right now. the first is the big jump that we've reported today in housing starts. the second is breaking right now with diana olick in washington. >> simon, bank of america reporting it has completed or approved more than $4.75 billion in more principal reductions. 30,000 homeowners getting their loans slashed by an average $145,000 each. bank says it will meet its total obligations under the settlement in the first of the three-year agreement. now that break news just adds to the positive numbers in housing out today. construction and permits for new homes. one analyst called the numbers blowout and the jumps are big. but remember the actual number of housing starts is still below any number we've seen since 1982. we are about half-way back to a normal new home market. total september housing starts jumped nearly 35% from a year ago. single family starts up 43% from a year ago. multi-family up 19%. it is the permits that are really stunning. tot
simon? >>> we have two big stories in housing right now. the first is the big jump that we've reported today in housing starts. the second is breaking right now with diana olick in washington. >> simon, bank of america reporting it has completed or approved more than $4.75 billion in more principal reductions. 30,000 homeowners getting their loans slashed by an average $145,000 each. bank says it will meet its total obligations under the settlement in the first of the three-year...
254
254
Oct 2, 2012
10/12
by
CNBC
tv
eye 254
favorite 0
quote 0
we'll begin with simon huff. hey, simon. >> shawn matthews will be joining us. microsoft, google or apple? we'll also have renown chef nobu on the program. he's opening a hotel in vegas, believe it or not. back to you. >> that jalapeno is the best thing on the planet. meanwhile, six in 60. >> it is a bunch of new products. deutsche says panera remains strong. >> this is the survivor. this is the quick service food people really like. >> credit sweeps goes from a hold to a sell on safeway. >> this is whole foods. trader joe's if it became public would be a sidebar. >> b of a, recommended by sirius xm? >> this really is interesting that the stock could be capped by liberty media, but they went out to give it a $3 price tag. please don't change that. >> wynn resorts, buy it? >> when is a chinese play. you have to believe that the chinese are going to start spending again or it won't work. >> skywork solutions? >> this is one, do they have enough in the apple ipod? do they not? it goes back and forth. >> more of the names, go to our website. >> mosaic is the oldest
we'll begin with simon huff. hey, simon. >> shawn matthews will be joining us. microsoft, google or apple? we'll also have renown chef nobu on the program. he's opening a hotel in vegas, believe it or not. back to you. >> that jalapeno is the best thing on the planet. meanwhile, six in 60. >> it is a bunch of new products. deutsche says panera remains strong. >> this is the survivor. this is the quick service food people really like. >> credit sweeps goes from a...
204
204
Oct 22, 2012
10/12
by
CNBC
tv
eye 204
favorite 0
quote 0
simon? >> it's all about the revenue. thank you for that. >>> ahead on the program, president obama and mitt romney going head to head for one final time. the presidential debate tonight on cnbc. we'll go live to the debate site in florida for a preview. plus, the national press secretary for obama campaign will give us his view of how the president will hope to perform tonight. apple has been on steady decline since iphone 5 hit the stores. can the ipad mini save the stock tomorrow? more "squawk on the street" after the break. just driving a, comin' back from the lake, and all of a sudden, ka-plam. it blindsided us. what is it? our college savings account. how do you think it happened? not sure. i think something we bought a while ago turned out to be something else, annnnnd, i remember a lot of other stuff in there had the word "aggressive" in it. is everyone okay? well, now, yeah. who knows later. ♪ we don't call this our company, we call this our mission. green toys teaches children that if i have a milk jug and i s
simon? >> it's all about the revenue. thank you for that. >>> ahead on the program, president obama and mitt romney going head to head for one final time. the presidential debate tonight on cnbc. we'll go live to the debate site in florida for a preview. plus, the national press secretary for obama campaign will give us his view of how the president will hope to perform tonight. apple has been on steady decline since iphone 5 hit the stores. can the ipad mini save the stock...
111
111
Oct 29, 2012
10/12
by
CNBC
tv
eye 111
favorite 0
quote 0
simon, have you an interesting insurance play. crawford. >> larger the disaster the better company does. they do the overflow for the claims for a lot of the carriers. if you see a big concentration of claims they will benefit from it. look out for crawford. >> all right. at this point we want to revisit new york city mayor mike bloomberg with his press conference on the impact of hurricane sandy on the city. >> roughly 47,000 customers without service right now in the city of new york. we think there is a significant chance of major flooding throughout the parts of new york city. we are especially concerned about the downtown manhattan and parts of the brooklyn, coney island. we are looking at -- i think it is likely that we will be preemptively shutting down the underground networks, two networks in manhattan, fulton network, the -- bowling green network. which essentially cover the areas between broadway, east river, and south of the brooklyn bridge. and also perhaps brighton beach by coney island. we are doing that to reduce t
simon, have you an interesting insurance play. crawford. >> larger the disaster the better company does. they do the overflow for the claims for a lot of the carriers. if you see a big concentration of claims they will benefit from it. look out for crawford. >> all right. at this point we want to revisit new york city mayor mike bloomberg with his press conference on the impact of hurricane sandy on the city. >> roughly 47,000 customers without service right now in the city of...
172
172
Oct 5, 2012
10/12
by
CNBC
tv
eye 172
favorite 0
quote 0
. >> good luck, guys. >> thank you, simon. nice to be here. >> we have another market flash for you, once again. it's within the food industry. courtney reagan, what's the name? >> thank you, david. i'm a little hungry this morning. it's dunkin brands. citi says they see them tracking above consensus. consensus is 2%. citi thinks they're looking up 3%. as a result, shares are higher, carl. back to you. >> thanks so much. let's take a quick check of the markets. the dow sitting near its highest levels in almost five years since december 2007 on the back of that strong jobs number, perhaps. s&p not quite at an intraday high for the year and 1469 and got to get to 1474.51 to set a new interview intra day high for 2012. when we come back, more pain at the pump and up next we'll find out yet perfect storm will be brewing in california. a state that refines its own gasoline and why stations are closing their doors. that's next. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated
. >> good luck, guys. >> thank you, simon. nice to be here. >> we have another market flash for you, once again. it's within the food industry. courtney reagan, what's the name? >> thank you, david. i'm a little hungry this morning. it's dunkin brands. citi says they see them tracking above consensus. consensus is 2%. citi thinks they're looking up 3%. as a result, shares are higher, carl. back to you. >> thanks so much. let's take a quick check of the markets. the...
166
166
Oct 15, 2012
10/12
by
CNBC
tv
eye 166
favorite 0
quote 0
they're not sprint softbank deals. >> thanks, simon. simon hobbs. meanwhile, gary is back here with capital markets op-ed. i know you're looking at a warning for bond investors. >> we have given a bunch of warnings. there was some irony in the fact bernanke was in tokyo and there was a big japanese deal. obviously those that love to watch the fed, japan. it's been 20 years since there's been a big japanese deal in the states. >> that's a conspiracy theory? >> irony, just irony. interest rates, we have detailed for some time what's been happening in the high yield market, the junk market. i have to remind people there's a difference between buying a bond fund and buying a bond. remember there is no maturity when you buy a bond fund. when you look at the yields h remember, you don't know what the bond managers are buying. case in point, guess who is coming back to the market in they haven't been there in 100 years. l bolivia is going to be selling some bonds. they're primed to sell global bonds, first time in 100 years. taking advantage of all the mon
they're not sprint softbank deals. >> thanks, simon. simon hobbs. meanwhile, gary is back here with capital markets op-ed. i know you're looking at a warning for bond investors. >> we have given a bunch of warnings. there was some irony in the fact bernanke was in tokyo and there was a big japanese deal. obviously those that love to watch the fed, japan. it's been 20 years since there's been a big japanese deal in the states. >> that's a conspiracy theory? >> irony, just...
174
174
Oct 18, 2012
10/12
by
CNBC
tv
eye 174
favorite 0
quote 0
>> carl, i think you guys are going to be discussing it with simon. this was a triquarter for paypal. that's what matters. much better growth than american express, which was open. >> was key corp. the best earnings so far? >> i think key corp. actually tops citigroup as far as being the best. this was really good data interest margin. the only other one that had it is citi. >> ibc downgrading potash. >> potash needs to lower its costs. the way to do that is use american natural gas. more on that tonight. >> mellanox, you say is blowing up. >> this is an israeli based company. they did tepid guidance. not enough. >> and lowering the value on facebook. >> i can't emphasize enough. there's a big lock-up. be careful, facebook. >> you've got a lot tonight, and it's not just chesapeake. what else? >> soup to nuts on the way power gets to your house. chesapeake for the natural gas. and then spectra energy uses timken steel to be able to get the natural gas to american electric power, which then provides the most power in electricity in the country although
>> carl, i think you guys are going to be discussing it with simon. this was a triquarter for paypal. that's what matters. much better growth than american express, which was open. >> was key corp. the best earnings so far? >> i think key corp. actually tops citigroup as far as being the best. this was really good data interest margin. the only other one that had it is citi. >> ibc downgrading potash. >> potash needs to lower its costs. the way to do that is use...
171
171
Oct 24, 2012
10/12
by
CNBC
tv
eye 171
favorite 0
quote 0
. >> simon, you're the man. >> i'm simon hobbs. i'll see you at "squawk on the street," jim cramer is up now. >>> i'm jim cramer. and welcome to my world. you need to get in the game! going out of business and he's nuts they're nuts! they know nothing! i always like to say there's a bull market somewhere. >> "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money," welcome to cramerica. other people want to make friends, i'm just trying to save you some money. my job is not just to entertain you but to educate you. call me at 1-800-743-cnbc. we keep hearing how woeful the earnings are. about how more than 60% of the earnings reports have been disappointing. and that's the reason why this market's so tough to navigate. today being no different with the averages bouncing around before ultimately closing in the red, dow giving up points, nasdaq losing .29%. but we aren't getting destroyed day after day either, though as you would expect from all the commentary, right? you would read that, hear it, you would th
. >> simon, you're the man. >> i'm simon hobbs. i'll see you at "squawk on the street," jim cramer is up now. >>> i'm jim cramer. and welcome to my world. you need to get in the game! going out of business and he's nuts they're nuts! they know nothing! i always like to say there's a bull market somewhere. >> "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money," welcome to cramerica. other people want to make...
277
277
Oct 11, 2012
10/12
by
CNBC
tv
eye 277
favorite 0
quote 0
you did know what the positions were. >> simon, we have so many readings going out the door. the fact that something might have slipped through in the e-mail, first of all, i don't even know that i've read the e-mail. it doesn't skew the ratings. >>> welcome to the third hour of "squawk on the street." let's get a check on the markets on this thursday. for the first time in about four sessions, the dow has a green arrow in front of it. up 81 points. s&p up 11. nasdaq up 23. good news on claims today. m and a rumors. foreclosures at a five-year low. then the ipos. all four of today's ipo opinion the nyse and nasdaq have started trading. all sharply higher in their debut. re japan's softbank considering buying a stake in sprint. our own david faber reports a price has not been fully nailed down and that part of the deal would involve the purchase of clearwire. >>> vice presidential nominee paul ryan facing off with vice president joe biden tonight in danville, kentucky. stakes are i as polls show a tightening race. congressman jeb hencerling joins us. >>> facebook's quest for r
you did know what the positions were. >> simon, we have so many readings going out the door. the fact that something might have slipped through in the e-mail, first of all, i don't even know that i've read the e-mail. it doesn't skew the ratings. >>> welcome to the third hour of "squawk on the street." let's get a check on the markets on this thursday. for the first time in about four sessions, the dow has a green arrow in front of it. up 81 points. s&p up 11....
209
209
Oct 24, 2012
10/12
by
CNBC
tv
eye 209
favorite 0
quote 0
>> that's right, simon. >> it's astounding. facebook announced it managed to sell now $153 million of mobile advertisements and the stock increases in value by 8.8 billion as a result by my calculations. why is the conversation changing? >> you have to put that in perspective. a few weeks ago people were expecting mobile advertising revenue to be no more than 50 million or $60 million and the big concern was this mobile transition is going to be very hard for facebook. they have shown from march is they created what is a billion dollar run rate in advertising. wouldn't be surprised if they were closer to 2 billion in the next 18 months. you have a powerful network platform that can monetize the huge population on facebook as they proved last night. >> is the case proven? there are those that would say this is so new. the fact that people are for the moment clicking on these mobile ads doesn't mean to say when they learn that that's a commercial operation that they will click on them in six month's time. we still are groping aro
>> that's right, simon. >> it's astounding. facebook announced it managed to sell now $153 million of mobile advertisements and the stock increases in value by 8.8 billion as a result by my calculations. why is the conversation changing? >> you have to put that in perspective. a few weeks ago people were expecting mobile advertising revenue to be no more than 50 million or $60 million and the big concern was this mobile transition is going to be very hard for facebook. they...
98
98
Oct 29, 2012
10/12
by
CNBC
tv
eye 98
favorite 0
quote 0
. >> if you work yourself from the point all the way farther west, you'd hear names like paul simon, robert de niro, ralph lauren. every property with wind like this or sustained heavy winds could have some damage. so i fret for those properties as well as the other 22,000 of us that watch those properties on television or whatever. >> yawn winner is one name people right not know. founder of "rolling stone" magazine. it's a who's who. jerry seinfeld has a place in town. we are about two hours away from low tide. surf continues to get extremely intense. the nervousness here isn't about a loss of business. we're in the low season. it's a weekday. it's more about the loss of property value and that kind of damage. here on the south side of the long island where the atlantic ocean is, a lot of the homes are up a little higher on some bluffs. on the north side of long island sound, if the storm follows this trajectory, a lot of those homes could rally be damaged if the storm surge is what they say it is. back to you. >> brian, thanks so much. you could look at a number of angles from all
. >> if you work yourself from the point all the way farther west, you'd hear names like paul simon, robert de niro, ralph lauren. every property with wind like this or sustained heavy winds could have some damage. so i fret for those properties as well as the other 22,000 of us that watch those properties on television or whatever. >> yawn winner is one name people right not know. founder of "rolling stone" magazine. it's a who's who. jerry seinfeld has a place in town....
205
205
Oct 31, 2012
10/12
by
CNBC
tv
eye 205
favorite 0
quote 0
. >> tom, i think what simon may be getting to is as the head of the utility, con ed clearly they planned big but i guess are others in the industry or you saying maybe they didn't plan enough? >> i'm not saying that. one of the things you have to understand too with the scope of this storm every location has to deal with the environment in which they are facing. every location is going to be different than every other location. we have to face unique circumstances and manage that process as best we can. i am absolutely confident that the leadership and the folks and boots on the ground at con ed are doing everything they can do to get the power back on as safely and as expeditiously as possible. >> you mentioned unusual nature of these storms. it seems as though we have unusual storms a lot more frequently than we used to. you run one of the largest power companies in the country, is it your thought that talks of climate change will come to the fore and lead to discussions about your business? >> the point is right now we are not dedicated to getting into an argument. we have to get the
. >> tom, i think what simon may be getting to is as the head of the utility, con ed clearly they planned big but i guess are others in the industry or you saying maybe they didn't plan enough? >> i'm not saying that. one of the things you have to understand too with the scope of this storm every location has to deal with the environment in which they are facing. every location is going to be different than every other location. we have to face unique circumstances and manage that...
308
308
Oct 29, 2012
10/12
by
CNBC
tv
eye 308
favorite 0
quote 0
. >> simon, they are parked all over the world. they have delta planes parked over in europe right now that would normally be flying back here. a lot of the planes that were usually in new york, they are in hubs in minneapolis, detroit, any place where they can find space, that's where they are putting planes right now. >> thank you very much. still ahead on the program, clearly thousands of flights are being canceled. last-minute hotel rooms being booked. a live and exclusive interview with the largest online travel agency for america, expedia's ceo will join us next. i'm a conservative investor. i invest in what i know. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own id
. >> simon, they are parked all over the world. they have delta planes parked over in europe right now that would normally be flying back here. a lot of the planes that were usually in new york, they are in hubs in minneapolis, detroit, any place where they can find space, that's where they are putting planes right now. >> thank you very much. still ahead on the program, clearly thousands of flights are being canceled. last-minute hotel rooms being booked. a live and exclusive...
193
193
Oct 17, 2012
10/12
by
CNBC
tv
eye 193
favorite 0
quote 0
simon, all in all, a good quarter for bofa. no bank ceo has come out guns blazing and said this is going to be a great near term environment for banks. we'll have to see. no great news, but at least no bad news. >> still have morgan stanley tomorrow. we'll see what they say. >> exactly. >> let's focus on technology. clearly, we have a few major issues weighing on the dow. as far as ibm is concerned, down almost 4% there. we're joined now from stern ag. he has a buy rating and a $230 price target. welcome to the program again. >> yeah. thanks for having me on. >> nice to see you. let's focus, if we may, on what is being said here, particularly with ibm about the broader outlook for technology. you listened to what the ceo said on the conference call and he's talking about a sharp drop in business in the united states. on a macro level, how worried should we be? >> yeah. so definitely, the macro is weighing on technology. but at the same time, ibm has, we think, two issues that were more company specific and not as macro. for exa
simon, all in all, a good quarter for bofa. no bank ceo has come out guns blazing and said this is going to be a great near term environment for banks. we'll have to see. no great news, but at least no bad news. >> still have morgan stanley tomorrow. we'll see what they say. >> exactly. >> let's focus on technology. clearly, we have a few major issues weighing on the dow. as far as ibm is concerned, down almost 4% there. we're joined now from stern ag. he has a buy rating and...
198
198
Oct 29, 2012
10/12
by
CNBC
tv
eye 198
favorite 0
quote 0
we have jerry seinfeld, paul simon, and of course we're not far from bernie madoff mansion. most of those guys are up high. wind damage is a concern there and not necessarily the storm surge. back to you. >> all right, brian. thank you very much. we'll check back in with you in just a bit. when we return, we'll look at preparations for hurricane sandy. we'll bring live reports from the east coast and we'll talk to govern area jack markell and storm preparations in his state. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i want to use the same stuff the big guys use. ishares. 9 out of 10 large, professional investors choose ishares for their etfs. introducing the ishares core, etfs for the heart of your portfolio. tax ef
we have jerry seinfeld, paul simon, and of course we're not far from bernie madoff mansion. most of those guys are up high. wind damage is a concern there and not necessarily the storm surge. back to you. >> all right, brian. thank you very much. we'll check back in with you in just a bit. when we return, we'll look at preparations for hurricane sandy. we'll bring live reports from the east coast and we'll talk to govern area jack markell and storm preparations in his state. i'm getting...
354
354
Oct 12, 2012
10/12
by
CNBC
tv
eye 354
favorite 0
quote 0
simon joined us here at post nine. you can almost set your watch on how the dow begins to fade as europe closes, happening again today. >> actually trading into the close europe has also fallen, it's very interesting. we were doing much better than we are at the moment, a little bit earlier in the session. what's interesting is a lot of the news for europe is actually coming out of tokyo, out of the imf meeting, you have this, next week is the big summit of course and mass protests on the streets of greece on thursday, as that kicks off in brussels, and over in tokyo today, lagarde again for the imf indicating a change in position that greece and spain should be given more time and one point sitting next to the german finance minister on a panel and disagreeing really vehemently with each other about what should happen. he is saying to her look the troika is still in athens trying to work things out. please don't preempt their report but things are shifting there and in that meeting at that meeting for the first time a
simon joined us here at post nine. you can almost set your watch on how the dow begins to fade as europe closes, happening again today. >> actually trading into the close europe has also fallen, it's very interesting. we were doing much better than we are at the moment, a little bit earlier in the session. what's interesting is a lot of the news for europe is actually coming out of tokyo, out of the imf meeting, you have this, next week is the big summit of course and mass protests on the...
274
274
Oct 30, 2012
10/12
by
CNBC
tv
eye 274
favorite 0
quote 0
. >> reporter: thank you, simon. sorry about that. was that a few hours to assess the damage here on the south shore of long island, and i can tell you up and down the coastline there are huge chunks of wood, in many cases entire trees and in the areas where we are right now, they affectionately call this the barge or it was the barge. it was their summertime bar and grill. it's completely destroyed. they had a little bit of damage in the october snow storm last year. this, of course, is a total loss. they tell me insurance will help cover that. they hope fema will help them restore the beach. they have had at least eight foot of beach erosion. that is a story on the south side of long island which they consider to be averting the worst possible scenarios. on north side we sent a crew out today to get some images of the cleanup and some of the aftermath. of course, debris is strewn everywhere and some roads are damaged, and then the big picture of long island just to update people, more than 80% of long island remains without power ri
. >> reporter: thank you, simon. sorry about that. was that a few hours to assess the damage here on the south shore of long island, and i can tell you up and down the coastline there are huge chunks of wood, in many cases entire trees and in the areas where we are right now, they affectionately call this the barge or it was the barge. it was their summertime bar and grill. it's completely destroyed. they had a little bit of damage in the october snow storm last year. this, of course, is...